Regency Centers Q2 Profit Beats Estimates - Quick Facts

(RTTNews) - Regency Centers Corp. (REG) reported that its second-quarter net income attributable to stockholders decreased to $25.5 million, or $0.28 per share, from $31.9 million, or $0.35 per share, last year. Funds from operations was $65.9 million, or $0.71 per share compared to $62.1 million, or $0.68 per share, a year ago.

Core funds from operations was $65.9 million, or $0.71 per share, for the quarter.

On average, 18 analysts polled by Thomson Reuters expected the company to report profit per share of $0.67 for the quarter. Analysts' estimates typically exclude special items.

Consolidated real estate revenues were $128.64 million, compared to $120.68 million, a year ago. Analysts expected revenue of $126.83 million for the quarter.

The company now expects its fiscal 2014 core FFO per share to be in the range of $2.75-$2.80, compared to prior guidance of $2.68-$2.74. Analysts expect the company to report fiscal 2014 profit per share of $2.73.